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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

1) Bank is a financial institute. Their main concern is whether you have the capacity to servicing the monthly mortgage, so they can earn your interest with minimum risk.
2) Therefore they will focus on your current active income, financial status, and credit credibility.
3) They are taking owner/s as a whole. Let say there are 3 shareholders in the property. Although they assess each individual financial capacity, in the end, they only treat it as a single entity since this single entity belongs to a single account.
4) You shall inform the lawyer how much you wish to pay in terms of % in the monthly mortgage. The lawyer will divide the payment accordingly.
5) In the future, if you are using CPF for whole or part of the payment, you just need to log in CPF account and submit your request.
You can find the service: my cpf Home -> My Request -> property -> Use CPF for my property to make adjustments to your monthly payment.
6) In the end, you have to discuss with your home partner to decide and agreed upon how much you will contribute.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

The allocation and proportion of payments is up to the owners. Do note the owner need not be under borrower status for the bank loan, but all borrowers must be owners. The bank will ultimately look at who are the borrowers and the legal liability of payments rest with the borrowers. If its not paid when payments are due, ultimately the bank will foreclose the property and put up for bank's sale.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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Hi

For mortgage loan, it is not a requirement to arrange payments based on the number of shares you owned. You can plan the payment in accordance to mutual agreement amongst all owners not necessary in accordance to number of shares each holder are holding. I do provide 100% free service for purchasing of private property. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More